***Dragon - Changes to parameters on 20th August 2021 - Take note and modify***
Please note we have made changes to our live trading account model on Aug 20th 2021, we have decreased the trailing start function from 15 pips to 10 pips, therefore the EA will start to trail when +10 pips profit achieved, prior it was 15 pips. Additionally, we have changed the end times for all 3 charts:
Change to Make: MAKE SURE ALL YOUR CHARTS ON ON 5 MINUTE TIMEFRAME

Chart 1: BoxEndTime from 09:00 to 09:05 & Trailing Start from 150 to 100

Chart 2: BoxEndTime from 10:15 to 10:05 & Trailing Start from 150 to 100

Chart 3: BoxEndTime from 12:00 to 11:45 & Trailing Start from 150 to 100
We have concluded this will help keep drawdown under better control in really narrow markets, but have little downside impact to returns. We have uploaded the new backtests to myfxbook with these new parameters, and Chart 1 shows the strongest return, followed by 2 and chart 3 lastly.
https://www.myfxbook.com/strategies/dragon-new-settings-aug-20th/314935                  (Chart 1 Profit Factor 1.50)
https://www.myfxbook.com/strategies/dragon-new-settings-aug-20th/314936                  (Chart 1 Profit Factor 1.41)
https://www.myfxbook.com/strategies/dragon-new-settings-aug-20th/314942                  (Chart 3 Profit Factor  1.29 )
We have loaded a new LIVE account running Chart 1 only, as it clearly shows a very strong historical return, and its also an option to run chart 1 only on higher risk.
https://www.myfxbook.com/members/AlnoTrade/dragon-pro-scalper-chart-1/8866821
Dragon - Backtest and Set-up
Thanks for your purchase of the Dragon EXPERT Advisor. To make backtests that demonstrate profitable trading from the dragon from historical Data.
First, make sure you have ample 5 minute data in your history in MT4 terminal. Some brokers have more history in their databank that others, you can download more from dukascopy. You can also see our 3 backtests from dragon under our profile under strategies section: https://www.myfxbook.com/members/AlnoTrade
So, start by pulling in your data and open strategy tester in Mt4.
Pull up the backtester and ensure the set matches above. (if you download EA from MQL5 you will need to change points above range from 50 to 10).
This is the set for Chart 1. For Chart 2, change boxendhour to 10:05 (all other parameters remain same( and for Chart3 change to 11:45 boxendhour).
This will give you 3 independent backtests that dragon runs on. Make sure timeframe is 5 minute and you have 1 min history to get a 90% quality test.
To summarise, Chart 1 set is as follows, (chart 2 backtest change boxendhour to 10:05 and for the 3rd test boxendhour=11:45) These times are in GMT+3 broker. If you download dukascopy data they use GMT so you need to change the times.
Lots are set for testing on a €1,000 account.
UseTradingBoxTime=true
BoxStartHour=01:00
BoxEndHour=09:05
NumberOfOrders=1
PointsAboveRange=10
PointsBelowRange=10
MagicNumber=111
LotSize=0.1
LotInceraseFactor=2.0
MaxLotSize=0.4
Order1_TP=250
Order2_TP=200
Order1_SL=250
Order2_SL=200
TradeComment=Dragon1
ts===== TRAILINGSTOP ====
TrailingStop=true
TrailingStopAfterGain=100.0
TrailingStopLevel=50.0
bts===== BREAKEVEN ====
BreakEven=false
BreakEvenAfterGain=100.0
BreakEvenLevel=0.0
CancelAllTradesByTime=19:00
CloseAllTradesByTime=23:00
CancelOpposite=true
Running Dragon:
Dragon Runs on 3 charts!

Please attach to chart GBPJPY 5 MINUTE ONLY, Please open 3 charts. (attached pic)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chart 1 

BoxEndhour 09:05 & Magic number 1, Trailing Start 100 and Make Sure Points Above/Below Range is 10, comment to trade1, dragon1 or whatever you like.

 

Chart 2 

Change BoxEndhour to 10:05 and Magic number 2,Trailing Start 100 and Make Sure Points Above/Below Range is 10, comment to trade2, dragon2 or whatever you like.

 

Chart 3

Change BoxEndhour to 11:45 and Magic number 3, Trailing Start 100 and Make Sure Points Above/Below Range is 10, comment to trade3, dragon3 or whatever you like.

 

start time is always 01:00 on all 3. All other parameters remain same, ****CRUCIAL TO MAKE SURE YOU ARE USING 3 DIFFERENT MAGIC NUMBERS AS EA CAN MANAGE EACH TRADE SEPERATELY AND DOESNT GET MIXED UP****

Max lot should always be X4 bigger than start lot.

 

EA need to run all time during market hours. EA uses stop loss 25 pips and target 25pips with internal trailing stop loss function active from 15 pips.,

 

EA is set to 0.1 base lot and increase factor X2 after loss to max lot size 0.4. (right for €1800/$2000 account)

 

Our model here is using €18k per each 1.0 base lot: https://www.myfxbook.com/members/AlnoTrade/dragonscalper/6525642

 

Backtest lives here: https://www.myfxbook.com/members/AlnoTrade    (under strategies - DragonChart1/2/3)

If you want the combo backtest, email me (combination of the 3 charts combined)

 

Approximate AVERAGE Return on $1k(/€800account:

5-10% month Start lot 0.05 , Max lot 0.2, 

15-20% month Start lot 0.1 , max lot 0.4

30-40% month Start lot 0.2, max 0.8. (Hi Risk)

 

EA is set for a GMT+3 broker, fine for VTMarkets/tickmill/IC markets/Axi/Vantagefx etc. If your broker differs from that, please advise us, its unlikely but possible.

 

Please ask any questions.

Any questions, please email me, or chat below.

Claire Hancock

Client Relations.

AlnoTrade Intelligent Trading Systems

http://www.alnotrade.com

admin@alnotrade.com

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chart1.JPG